Yesterday
- Opinion
- Chanticleer
How gridiron and cartoon elves sent this ASX giant surging
The 12 per cent surge in Aristocrat Leisure’s share price reflects a solid profit beat. But there’s a secret sauce behind its long track record of growth.
- James Thomson
This Month
- Analysis
- Analysis
Can the banks fight their way out of the commodity trap?
It’s hard to see how the banks can meaningfully increase profit margins unless the trend towards mortgage brokers reverses.
- Lucas Baird
- Updated
- Software
Life360 reheats plans to target US investors with Nasdaq listing
The ASX-listed, San Francisco-based family-tracking app does not expect to raise more than $US100 million. It had considered a similar move in 2021.
- Updated
- Tess Bennett
Confession season kick-off fails to derail ASX run
Fund managers say this year’s Macquarie Australia Conference was among the least eventful in recent memory – and that may be a good sign for investors.
- Joshua Peach
Business loan demand spikes, keeping inflation fears alive
CBA, the country’s largest lender, says a strong labour market is driving “robust” demand from companies, which could push up prices, economists warn.
- James Eyers and Lucas Baird
- Opinion
- Chanticleer
CBA shows this is not your parents’ slowdown
CBA’s chief executive started banging the drum on loss-making mortgages early last year. Now, the broader banking sector appears to be thinking along the same lines.
- Updated
- James Thomson
- Opinion
- Chanticleer
‘Why would I invest a single cent in Australia?’ asks Orica boss
The explosives giant’s CEO, Sanjeev Gandhi, is getting a little tired of hearing about the Albanese government’s much hyped Future Made in Australia policy.
- James Thomson
- Updated
- Commonwealth Bank
CBA profit falls to $2.4b but ‘momentum’ improves
Lower margins reduced profits at the country’s largest bank over the last three months, as higher interest rates saw late loan repayments rise.
- James Eyers and Lucas Baird
European stocks rise to new record on solid earnings
European stocks have added 2.1 per cent already this month. Separately, the FTSE 100 hit a fresh record thanks to strong commodities.
- Macarena Muñoz
Reddit’s bright first earnings report sends shares soaring
Its IPO was one of the biggest in the US this year – and its first earnings report shows that revenue increased 48 per cent.
- Aisha Counts
- Updated
- ANZ Bank
ANZ says it can reward shareholders and grow lending
The bank said profits were down in its retail business with conditions “more competitive than ever”, but lending to large companies was stronger.
- Updated
- Lucas Baird and James Eyers
- Opinion
- Chanticleer
The sneaky bad news in the banks’ $4.5b buyback bonanza
ANZ joined the bank buyback party on Tuesday. Investors love getting excess capital back, but do these buybacks show the banks are short of growth options?
- Updated
- James Thomson
- Opinion
- Chanticleer
Westpac shows how banks are mortgage war casualties
Peter King says Westpac is hunting growth. But he won’t find it in old-fashioned mortgages and deposits, where returns have been brutally competed away.
- James Thomson
Westpac deflects downturn with special dividend
The Westpac boss says the return of $1.5 billion to shareholders is a sign of confidence in the Australian economy and the outlook for bad debts.
- Updated
- James Eyers and Lucas Baird
- Updated
- Macquarie Group
Macquarie takes hit on green energy
The investment bank’s chairman Glenn Stevens has warned that fossil fuels, especially gas, will be required “for quite some time to come”.
- Updated
- Lucas Baird and James Eyers
Macquarie goes after big four’s business lending lunch
The investment bank’s share of small business lending is only 1.7 per cent, but its $15.8 billion book grew by 22 per cent for the year and Macquarie wants more.
- Updated
- James Eyers and Lucas Baird
- Opinion
- Chanticleer
Why Wikramanayake says a tough year proves Macquarie’s growth story
Investors have been looking past the group’s big profit drop and betting that the drought in renewable energy asset sales will end. But the rebound may be bumpy.
- Updated
- James Thomson
Once Macquarie’s $58m man, Nick O’Kane’s pay fell to $1m
Once the financial conglomerate’s highest-paid executive, Mr O’Kane resigned in March so was not eligible for the lucrative profit share bonuses.
- Lucas Baird
- Updated
- National Australia Bank
NAB clings to business banking prize as mortgage brokers bite
National Australia Bank’s first-half profit tumble underlined the toll intense mortgage competition is still claiming on margins.
- Updated
- Lucas Baird and James Eyers
- Opinion
- Chanticleer
The ‘astonishing’ number in NAB’s profit
There’s a very good reason why new boss Andrew Irvine won’t change the bank’s strategy too much.
- James Thomson
